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20121202
20121210
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immigration system it cannot be what it is destined to be. >> a few days after the election when the republicans looked at the figures from the president how mitt romney had done with hispanic voters, there was like a 44-point gap. they said we need to do something aggressive on immigration. but it wasn't a couple weeks. republicans couldn't agree on what needs to be done, the fervor seemed to have already cooled. how do you get your own party on the same page, let alone bring on democrats? >> i disagree. i don't think that's what is happening. what is happening, the concept of immigration reform, there is a lot of consensus. the details of immigration reform need to be examined. i'll give you an example. we have millions of people waiting to come here legally and they come to my office and say we have done it the right way, waited, paid the fees, but you are telling me if i came here illegally it would have been faster? it didn't seem right. that is the kind of debate we are going to have. on the ag worker-guest worker, there are labor unions that are not in favor of a guest wor
do well. having said that, welcome again, mr. secretary. just days after the president's re-election, the f.h.a. released its 2012 actuarial report which revealed that the economic value of the f.h.a. fund has fallen to negative $16 billion. a lot of money. that means the fund's capital reserve ratio, as i understand it, now stands at a negative 1.44%. this news is obviously very disturbing to us and to the secretary. for those of us who have long been concerned about the health of the f.h.a. for years the problems of the federal housing administration have been well-known. during the housing boom, the f.h.a. unweissly, i thought, guaranteed -- unwisely, i thought, guaranteed millions of risky mortgages with low down payments to borrowers with poor credit scores. we are reaping that now. these mortgages have resulted in billions of losses to the f.h.a. the federal housing administration has made matters worse, i think, by failing to come to grips with the magnitude, mr. secretary, of the problems. back in 2007, as the federal housing administration's poor financial position was becom
Search Results 0 to 1 of about 2